AT A GLANCE

ESTABLISHED BRAND VALUE

  • Publicly listed since 1993
  • Young Fleet – 7.5yrs average age
  • Owner of choice for world’s oil majors
  • Operational excellence through shipping cycles
  • Stellar banking record
  • Uninterrupted dividend payments since NYSE listing in 2002

SOLID FUNDAMENTALS

  • Strong Balance Sheet
  • Conservative leverage – Strong cash liquidity
    ($2.00 / share)
  • Secured forward charter employment
    (5 years average / 200 years in accumulated charters)
  • Visible revenue backlog ($1.4 billion)
  • Upside through profit sharing charters
  • Attractive share price valuation

INDUSTRIAL BREADTH

  • Approximately 77% of fleet in secured LT industrial contracts
  • Blue-chip clients
  • Extremely high utilization rate >95%
  • 450 mil bbls of oil transported safely during 2016. Equivalent of 10 days of US imports and 6 days of global production
  • Diversified fleet – Exposure in all tanker sectors & specialized vessels
  • Sister vessels / Economies of scale

COMMITMENT

  • Strong management sponsorship
  • Tsakos constant buyer of TNP shares
  • Participation in all capital raisings
  • Tsakos family presence in shipping through generations
  • CEO Nicholas P. Tsakos President of Intertanko